EdgEy wrote: »
Take a three year degree - so three years' lost earnings. Let's say 20k as a fair estimate for a salary commanded straight out of sixth form college.
So your "pushes that £2-3k to say £3-4k" was a statement about the necessary initial salary differential in order to break even on the decision and it also assumes 40 years of constant working?
The decision on whether it was worth it in your case is whether you will do better than break even ?
I worry about the unknowns such as the interest accruing (which could easily explode if the economy goes wrong) and the movable or deletable thresholds, and from there to movable retirement dates.
You've heard the word "wageslave", EdgEy - where's the protection against that ? It is not so long ago that the man in the street felt he was an unwilling slave to his mortgage company. I can remember when rates went as high as 15% - luckily I had fixed for 11.3% at that time for a few years.
The_One_Who wrote: »
Pretty much agree with all your post, but just wanted to pick up on this. I don't know about the rest of the country, but a £20k starting salary for someone straight out of school? Possible but very unlikely! Graduates and those in reasonably respectable jobs don't earn that much!
According to the MSE Forum
For benefits recipients
Via Metro or Daily Mail. Excludes NI